以下文章来源于远川科技评论 ，作者何律衡 远川科技评论 . 刻画这个时代（的前沿科技） 本文来自微信公众号： 远川科技评论 ，作者：何律衡， 题图来自 :视觉中国 去年下半年以来，存储芯片进入史诗级涨价潮，消费级内存条一度跳涨6倍以上，荣膺当下最保值的 理财产品。 人工智能基础设施需求爆发，三星、美光、SK海力士三大存储芯片厂的产能被迅速榨干。 SK海力士去年10月就表示，2026年DRAM、NAND Flash和HBM三大产品线产能被预订一空，三星 和美光的HBM产能也全部售罄。 AI芯片所用的HBM内存利润率更高，自然在产能分配中优先级更高，导致消费级产品供应再度遭遇 挤压，陆续向下游行业传导，存储芯片涨价的最大受害者也浮出水面：低端手机。 以性价比著称的传音，中低端机型占出货量大头，也最早被涨价殃及。去年三季度，传音增收不增 利，营收增长22.6%，净利润反倒大降11%，毛利率抹去两个百分点。 单季度的业绩受当季新机型上市影响较大，但即便按照全年业绩指引看，传音2025年度营收利润双 降，净利润直接腰斩，手机也从全球第四[3]掉进了others[4]。 | 排名 | 3Q25 | 市场份额 | 4Q25 ...

Core Viewpoint - Concerns over the disruptive potential of artificial intelligence (AI) have led to a decline in major stock indices, with the Nasdaq falling by 2% and the S&P 500 and Dow Jones also experiencing significant drops [1][4]. Group 1: Market Performance - The Dow Jones index closed down 1.34% at 49,451.98 points, the S&P 500 index fell 1.57% to 6,832.76 points, and the Nasdaq index dropped 2.03% to 22,597.15 points [4]. - Major technology stocks saw declines, with Apple down 5%, erasing its gains for the year, and Nvidia down 1.64% [9]. Group 2: Sector Impact - The introduction of AI tools has negatively impacted various sectors, including software companies, publishers, and financial services, raising concerns about potential business model replication and profit margin erosion [5]. - Financial stocks, such as Morgan Stanley, faced pressure due to fears that AI could disrupt wealth management services [5]. - Trucking and logistics companies, like C.H. Robinson, saw a 14% drop in stock price as AI is expected to optimize freight operations, potentially reducing revenue sources [5]. Group 3: Real Estate and Defensive Sectors - The real estate sector is also affected, with concerns that higher unemployment rates will reduce demand for office space, leading to declines in stocks like CBRE and SL Green Realty [6]. - Investors are shifting towards more defensive sectors, with Walmart and Coca-Cola seeing stock price increases of 3.8% and 0.5%, respectively [7]. - In the S&P 500, the consumer staples and utilities sectors outperformed, both rising over 1%, with the consumer staples sector reaching a historical closing high [8].

Market Overview - The three major indices closed lower, with the Dow Jones down 1.34% at 49,451.98 points, the S&P 500 down 1.57% at 6,832.76 points, and the Nasdaq down 2.03% at 22,597.15 points [2] - Concerns over AI tools disrupting various sectors, including software companies, publishers, and financial services, have led to significant market volatility [2] Sector Performance - Financial stocks, including Morgan Stanley, faced pressure due to fears that AI could disrupt wealth management [2] - Trucking and logistics companies, such as C.H. Robinson, saw a 14% drop in stock price amid concerns that AI could optimize freight operations and reduce revenue sources [2] - The real estate sector is also affected, with stocks like CBRE and SL Green Realty declining due to anticipated higher unemployment impacting office space demand [3] - Defensive sectors saw gains, with Walmart and Coca-Cola rising 3.8% and 0.5%, respectively [3] Stock Movements - Major tech stocks experienced declines, with Nvidia down 1.64%, Apple down 5.00%, and Microsoft down 0.63% [5] - Chinese stocks listed in the U.S. also fell, with the Nasdaq Golden Dragon China Index down 3.00% [5] Company News - The European Union has initiated another antitrust investigation into Google, focusing on potential illegal manipulation of search engine advertising pricing [6][7] - OpenAI launched its first AI model based on Cerebras Systems chips, aiming to compete in the AI programming assistant market [8] - AI company Anthropic raised $30 billion in funding, reaching a valuation of $380 billion, with investments from Coatue and GIC among others [9][10] - Google released an updated version of its Gemini 3 model, targeting applications in science and engineering [11] - Intel was fined 273.8 million rupees by India's Competition Commission for violating competition laws [12]

Core Viewpoint - The article discusses the stock movements of several companies including Cisco, AppLovin, Micron, Fastly, Equinix, Rollins, and Novocure, highlighting the impact of recent economic data on investor sentiment [1]. Group 1: Stock Movements - Cisco's stock performance is noted among the movers, indicating potential investor interest or market reaction [1]. - AppLovin's stock is also mentioned, suggesting fluctuations that may be tied to broader market trends or company-specific news [1]. - Micron's stock movement is highlighted, reflecting changes in the semiconductor industry and investor confidence [1]. Group 2: Economic Context - The article references a recent batch of economic data, including a delayed U.S. monthly jobs report, which is influencing stock futures and overall market sentiment [1]. - The rising stock futures on Thursday indicate a positive outlook among investors as they digest the latest economic indicators [1].

Market Overview - U.S. stocks experienced a significant decline on February 12th, 2026, with the Dow Jones Industrial Average falling 1.03% to 49,605.19, the S&P 500 down 1.13% to 6,862.95, and the Nasdaq Composite dropping 1.61% to 22,695.23, driven by concerns over artificial intelligence's impact on corporate profits and anticipation of inflation data [1][2] Corporate Movers - Cisco Systems (CSCO) saw its stock drop approximately 10% despite exceeding earnings expectations, primarily due to disappointing forward guidance that raised growth concerns [3] - AppLovin (APP) experienced a dramatic sell-off, with shares tumbling around 18.3% despite reporting stronger-than-expected profits, reflecting market anxieties about AI disrupting software business models [4] - Micron Technology (MU) had a positive stock movement following optimistic comments from its CFO regarding next-generation HBM4 memory production, a key component for AI infrastructure [5] - McDonald's (MCD) shares rose after reporting stronger-than-anticipated profits, while Walmart (WMT) also performed well, contributing positively to the S&P 500 [6] - Tenet Healthcare Corporation (THC) surged after a strong earnings report, and T-Mobile US, Inc. (TMUS) rose after beating earnings estimates, while Shopify Inc. (SHOP) and Moderna, Inc. (MRNA) faced declines due to missing earnings expectations and FDA decisions, respectively [7] Sector Movements - In the energy sector, coal stocks like Peabody Energy (BTU) and Hallador Energy (HNRG) gained momentum following executive orders from the Trump administration aimed at supporting the coal industry [8] Economic Outlook - The upcoming U.S. Consumer Price Index (CPI) release is expected to significantly influence market direction, with investors closely monitoring it for signs of inflationary pressures, which will impact the Federal Reserve's interest rate decisions [9]

When it comes to the generative artificial intelligence (AI) hardware, no company stands out as much as Nvidia. The tech giant produces most of the cutting-edge chips needed to power AI algorithms, and business is booming. That said, with a market value of $4.5 trillion, it is already the largest company on the planet. And it might be time for investors to start looking for the next big thing in the AI hardware opportunity. Enter Micron Technology (NASDAQ: MU). With shares up 317% over the last 12 months, ...

Artificial intelligence (AI) stocks have been among the market's top performers over the past few years, and Micron (NASDAQ: MU) is no exception. This company supplies high-performance memory and storage solutions critical to AI semiconductor chips that process intense workloads. While Nvidia, Broadcom, and Advanced Micro Devices have already enjoyed massive AI-fueled rallies, few realize that Micron has been the key to ensuring their chips perform optimally. As demand for advanced memory accelerates, Mic ...

Group 1 - Micron and Sandisk are the primary memory chip makers traded on U.S. exchanges, while Western Digital and Seagate focus on computer storage [1][2] - Recent attention on Micron and Sandisk is due to the ongoing memory chip shortage affecting global supply chains [2] Group 2 - As of the latest data, Micron shares are up 2.9%, Sandisk shares are up 6.2%, Western Digital shares are up 3%, and Seagate shares are up 2.5% [1]

Micron is Up 44% in 2026: Is It a Better Buy Than Camtek or Cohu? - 24/7 Wall St.[S&P 5006,873.70 -1.11%] [Dow Jones49,658.20 -0.97%][Nasdaq 10024,859.50 -1.42%][Russell 20002,622.79 -1.88%][FTSE 10010,439.00 -0.78%][Nikkei 22557,001.70 -2.07%][Live Nasdaq Composite: Tech Stock Volatility Persists on Mixed Economic Signals][Investing]# Micron is Up 44% in 2026: Is It a Better Buy Than Camtek or Cohu?### Quick ReadMicron Technology (MU) surged 44% year-to-date and 323% over one year. Micron beat Q1 fiscal 20 ...

Quick Read Micron’s HBM4 production ramped a quarter early. Morgan Stanley raised its price target to $450, expecting continued DRAM price increases. Apple is considering delaying its Siri AI launch from March to September after testing uncovered software issues. Robinhood dropped 9% and broke below its prior low. Wolfe Research notes Bitcoin bear cycles since 2012 averaged 75% drawdowns. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from ...